SecureWorks Corp A
FireEye said it was able to cut its GAAP operating loss by 45% YoY and its non-GAAP (adjusted) operating loss by 82% YoY in 3Q17.
Symantec (SYMC) reported fiscal 2Q18 (September quarter) revenue that rose in the double-digit percentage and topped the consensus estimate.
Symantec is facing off with SecureWorks (SCWX), FireEye (FEYE), Proofpoint (PFPT), and Cisco (CSCO) in the battle for the control of the cybersecurity market.
FireEye is expecting 3Q17 (September quarter) revenue in the range of $183 million to $189 million.
FireEye (FEYE), which originally relied on hardware sales for its revenues, has transitioned into a services-based business model.
Company & Industry Overviews
Over 200,000 computers attacked worldwide Cybersecurity stocks rallied following the WannaCry ransomware attack, which paralyzed more than 200,000 computers in some 150 countries. Investors turned their focus to security stocks in anticipation of the WannaCry attack prompting organizations to increase their cybersecurity spending. One notable security company poised to benefit from the WannaCry crisis is […]